by Rogers Corporation on Jan 02, 2018
Wow, what a year! Thanks to the hard work of our employees, dedication to our customers and execution of our sound business strategy, we enjoyed an outstanding and record-breaking year at Rogers. To add to this excitement, we also integrated two new acquisitions, completed the relocation of our global headquarters and celebrated two big anniversary milestones. Let’s take a look back at the moments and achievements that made 2017 such a memorable year!
As of Q3, Rogers had achieved record-setting net sales and strong profits. Tailwinds in our key markets of Advanced Connectivity and Advanced Mobility contributed to strong organic growth across all three of our business units – Advanced Connectivity Solutions, Elastomeric Material Solutions and Power Electronics Solutions. In late February, we will announce our full-year results for 2017.
Also contributing to our record net sales were the two acquisitions we integrated into EMS in 2017: DeWAL and Diversified Silicone Products (DSP). The integrations went very well and the operations continue to run smoothly. These businesses have helped expand our EMS product portfolio and enhance our existing capabilities.
Rogers Corporation Ribbon Cutting Event in Chandler, Arizona
Nearly one year after announcing the move, we completed the relocation of our global headquarters to Chandler, Arizona. This area offers a thriving technology community, strong transportation infrastructure, business-friendly climate and robust local economy to support our success.
While the corporate offices have moved, Rogers continues to be a part of the Connecticut community, where we have been since our founding in 1832. Several hundred Rogers employees in manufacturing, management and research and development positions continue to work in northeast Connecticut.
The benefits of operating in Chandler are not new to Rogers. We have a long-established relationship with the city, dating back to 1967 when we first expanded our Advanced Connectivity Solutions (ACS) facilities to Arizona.
If you did the math, you figured out that our Global Headquarters relocation coincided with Rogers’ 50th anniversary in Chandler! The Chandler operation was Rogers’ first plant expansion outside of Connecticut and was a bold move for the company. 50 years later, we are proud to celebrate our Arizona legacy.
Rogers Corporation Rings the NYSE Closing Bell® in Celebration of 185th Anniversary of Founding.
Also in 2017, Rogers celebrated our 185th year in business. To commemorate this moment, we returned to the New York Stock Exchange to ring the closing bell, just as we did ten years earlier to celebrate our 175th anniversary. We are proud to celebrate these milestones, as they are a testament to our enduring success.
Our 185-year history demonstrates how necessary it is to adapt and innovate to the technological needs of today and tomorrow. Since 1832, Rogers has been at the forefront of emerging technology in a range of materials, from innovations in paperboard to today’s advanced engineered laminates, polyurethanes, substrates, and more. With a focus on maintaining close working relationships with customers in an engineer-to-engineer model, we are better able to successfully anticipate future market needs.
Within the four pillars of Growth Strategy, we focus on market-driven solutions, new product innovations, well-integrated acquisitions, and enhanced operational execution. Our results confirm that we have implemented a winning approach, and we are clearly benefitting from our solid execution. We have confidence that our commitment to the four pillars of this roadmap will help us maintain our record of generating substantial and sustainable results, as well as strong shareholder returns.
Our success in 2017 would not have been possible without the hard work and dedication of our employees, partners and suppliers around the globe, as well as our loyal customers. As we welcome the New Year, we hope to move forward together to achieve success. Best wishes and a Happy New Year to each of you!